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Why Hive Digital Technologies Stock Skyrocketed This Week


Hive Digital Technologies (NASDAQ: HIVE) stock posted huge gains this week. The company's share price skyrocketed 51.3% higher across the stretch. Over the same period, the S 500 gained roughly 0.9%, and the Nasdaq Composite climbed roughly 0.5%.

Hive Digital stock saw a massive rally this week connected to news that its Buzz High Performance Computing subsidiary is launching a new artificial intelligence (AI) infrastructure project in Canada. With the rally, the stock is now up roughly 58% year to date.

Image source: Getty Images.

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Source Fool.com

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